• Daniel Schoenberger, Chief Legal Officer at Web3 Foundation, testified before US lawmakers to discuss the Polkadot network and Web3 vision.
• Polkadot is a next-generation blockchain protocol that aims to unite blockchains to share security, interoperability, and scalability.
• MeWe social network recently adopted Polkadot network to provide the fundamental infrastructure of a social network but not tied to a specific company.

Polkadot Testifies Before US Congress

Daniel Schoenberger, Chief Legal Officer at Web3 Foundation, was invited by US lawmakers to make a presentation on the Polkadot network and the Web3 vision. He explained that Web3 has the potential to massively transform the internet with much focus on efficiency, innovation, and connectivity.

What is Polkadot?

Polkadot is a next-generation blockchain protocol that aims to unite blockchains to share security, interoperability, and scalability.

MeWe Adopts Polkadot Network

MeWe social network recently announced its adoption of the Decentralized Social Network Protocol (DSNP) from Project Liberty which operates on the Polkadot network. This showcases the versatility and potential of Polkadot in facilitating decentralized applications and services.

Benefits of Using Web 3

Web 3 can offer transparent and tamper-proof records for land ownership, facilitate decentralized identities, manage digital intellectual properties etc.

Importance of Regulatory Framework

Schoenberger stated that current US regulatory framework cripples Web3 innovation which has massive potential in transforming internet with focus on efficiency, innovation & connectivity.